Taxes Consolidation Act 1997 Schedule 23 paragraph 1

Application for approval of a scheme

Paragraph 1 of Schedule 23 sets out the procedure for applying to Revenue for approval of a retirement benefits scheme under Chapter 1 of Part 30.

• The application must be made in writing by the scheme administrator to the Revenue Commissioners before the end of the first year of assessment for which approval is sought.
• The application must be submitted in whatever form and manner Revenue specify, and must be accompanied by a copy of the instrument or document that established the scheme.
• A copy of the scheme rules must also be provided, together with a copy of the most recent accounts (unless the application is being made when the scheme is first set up).
• Revenue may request any other information they consider relevant, including copies of any actuarial report or advice given to the administrator or employer in connection with the establishment of the scheme.